Charles E. “Ed” Haldeman, Jr.
Chief Executive Officer, Freddie Mac
Navigating the Uncharted Waters for Home Ownership and Rental Housing
Outgoing Freddie Mac Chief Executive Officer Ed Haldeman, Jr., keynote speaker at the October 26 Chief Executives’ Club of Boston, talked about the work the company is doing, Freddie Mac’s future, and ways to attract private capital back to the housing finance market. James Boyle, president of John Hancock Financial Services, introduced Haldeman, who announced in late October that he would step down by the end of this year.
“Our regulator believes that over the next two years, HARP (Home Affordable Refinance Program) II will allow another 900,000 to 1 million people to seek and be able to refinance their homes.” READ TRANSCRIPT AND VIEW VIDEO »
“Private capital needs to come back. It needs to be liquid. It needs to be stable. There needs to be widespread availability. There needs to be equal access. And there needs to be a gradual transition when [policymakers] come up with the answer [regarding our new structure].” READ TRANSCRIPT AND VIEW VIDEO »
“It’s a great question [whether Freddie Mac will be able to pay back the money it received during the 2008 government bailout]. It's just about $65 billion. [It is] going to be difficult under the current financial arrangement to pay that back anytime soon.” READ TRANSCRIPT AND VIEW VIDEO »
“It doesn’t seem like we’re in an environment where many decisions are being made in [Washington] D.C., and I think [a decision about the future of Freddie Mac] may be one of those things that happens after the election.” READ TRANSCRIPT AND VIEW VIDEO »
Bloomberg News: “Freddie Mac CEO Says Financiers’ Fate Will Come Post-Election” READ ARTICLE »
Boston.com: “Freddie Mac’s Haldeman: New federal effort will ease, not solve, foreclosure crisis” READ ARTICLE »
Boston Globe: “Freddie Mac chief backs expanded loan aid: Refinancing program will help 1m families, Haldeman tells executives” READ ARTICLE »
Boston Herald: “Mortgage giant can’t pay $65B as CEO plans exit” READ ARTICLE »
BusinessWeek: “Freddie Mac CEO Says Financiers’ Fate Will Come Post-Election” READ ARTICLE »
Reuters: “Freddie Mac CEO to resign, regulator says” READ ARTICLE »